NOT LISTED FOR SALE

555 Byron St Unit 403 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,505,000 - $2,917,000

3 Beds
2.5 Baths
2,451 Sq Ft
$6,226/mo HOA Fee

Last Sold June 17, 2019

Last sale price $3,000,000 $1,224 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $22,333/month

8 Days on Market

Highlights

  • Doorman
  • Active Adult
  • Planned Social Activities
  • Private Pool
  • 0.75 Acre Lot
  • Sauna

About This Home

As of June 2019

Luxury living at The Hamilton in Downtown Palo Alto where residents enjoy fine dining, a personal driver, world class staff, room service, housekeeping, community pool and spa, fitness center, library, grand dining rooms, and a joyful small community of adults 55 and over. This unit features 3 bedrooms, 2.5 baths and over 2,400 sqft of living space. Other features include a fireplace in the living room, office with built in book shelves, in-unit laundry, a large balcony of approximately 600 sqft and a wine closet. Come experience charm and sophistication in the perfect location!

Last Agent to Sell the Property

Monique Anton

Modern Homes Realty License #01879145 Listed on: 05/08/2019

Last Buyer's Agent

Monique Anton

Modern Homes Realty License #01879145 Listed on: 05/08/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,666

Year Built

  • Built in 1997

Lot Details

  • 0.75

HOA Fees

  • $6,226 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • On-Street Parking
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,451 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Dining Area
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Private Pool
  • End Unit

Listing and Financial Details

  • Assessor Parcel Number 120-03-119

Community Details

Overview

  • Active Adult
  • Association fees include common area electricity, door person, exterior painting, garbage, insurance - common area, maintenance - common area, maintenance - exterior, management fee, pool spa or tennis, reserves, roof, security service
  • The Hamilton Association

Amenities

  • Doorman
  • Sauna
  • Planned Social Activities
  • Elevator

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,666

Year Built

Built in 1997

Lot Details

0

HOA Fees

$6,226 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Style: Mediterranean
  • Restrictions: Senior Community (55+)
  • Age: 22
  • Listing Class: Residential
  • Maximum Unit Floor Number: 4
  • Structure Sq Ft: 2451
  • Incorporated: Yes
  • Year Built: 1997
  • Zoning Description: RM2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: Gas Burning
  • Dining Room: Dining Area
  • Living Sq Ft: 2451
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Dryer, Inside, Washer
  • Flooring: Carpet
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile
  • View: Neighborhood
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, On Street

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 6226
  • HOA Amenities: Community Pool, Door Person, Elevator, Organized Activities, Sauna / Spa / Hot Tub
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Door Person, Exterior Painting, Garbage, Insurance - Common Area, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Pool, Spa, or Tennis, Reserves, Roof, Security Service
  • H O A Name Text: The Hamilton
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-03-119
  • Lot Acres: 0.7510
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 32715.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 32715.00

Multi Family

  • Utilities: Individual Electric Meters
  • Unit Features: End Unit

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Jul 3, 2019
Sold by
Roberts Patricia Longley and Roberts Judith Corwin
Bought by
Shank Joseph M and Pairman Patricia W
Seller's Agent
Monique Anton
Modern Homes Realty
Buyer's Agent
Monique Anton
Modern Homes Realty
List Price
$3,200,000
Sold Price
$3,000,000
Premium/Discount to List
-$200,000
-6.25%
Current Estimated Value
$2,650,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349,932
Avg. Annual Appreciation
-1.94%
Original Mortgage
$2,400,000
Outstanding Balance
$2,082,704
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$567,364

Purchase Details

Closed on
Sep 5, 2001
Sold by
Roberts Frank H and Roberts Alice Anne
Bought by
Roberts Frank H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.05%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shank Joseph M $3,000,000 Old Republic Title Company
Roberts Frank H -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shank Joseph M $2,400,000
Previous Owner Roberts Frank H $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2019 06/17/19 Sold $3,000,000 -6.3% $1,224 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $3,200,000 -- $1,306 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,666 $2,800,000 $1,400,000 $1,400,000
2024 $24,666 $2,100,000 $1,050,000 $1,050,000
2023 $27,153 $2,300,000 $1,150,000 $1,150,000
2022 $27,401 $2,230,000 $1,115,000 $1,115,000
2021 $28,215 $3,031,080 $1,515,540 $1,515,540
2020 $36,150 $3,000,000 $1,500,000 $1,500,000
2019 $3,730 $245,100 $70,392 $174,708
2018 $3,646 $240,295 $69,012 $171,283
2017 $3,579 $235,584 $67,659 $167,925
2016 $3,479 $230,966 $66,333 $164,633
2015 $3,437 $227,498 $65,337 $162,161
2014 $3,276 $223,043 $64,058 $158,985
Source: Public Records

Agents Affiliated with this Home

  • Monique Anton

    Seller's Agent in 2019

    Monique Anton

    Modern Homes Realty

    (650) 380-5512

    27 Total Sales

    Monique Anton
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Map

Source: MLSListings

MLS Number: ML81749924

MLSListings

APN: 120-03-119

California Santa Clara County Palo Alto 94301 University South

555 Byron St Unit 403, Palo Alto, CA

This home is located at 555 Byron St Unit 403, Palo Alto, CA 94301 since 08 May 2019 and is currently estimated at $2,650,068, approximately $1,081 per square foot. This property was built in 1997. 555 Byron St Unit 403 is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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